No sign of a recession but global growth is poised for a gradual slowdown, according to Coutts\' Investment Outlook for 2018. 

The private bank has identified several challenges for the year ahead including a slowdown of global growth and inflation. 

Despite expectations, inflation has remained low due partly to a drop in oil prices and subdued wage pressures. Over the next year, Coutts expects inflation to bounce a little in the US and Europe. The UK, on the other hand, it has peaked at just over three percent which the bank believes is down to the depreciation in sterling rather than from growth. 

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